A Quote by Michele Bachmann

I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

Michele Bachmann

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Borrow Ceiling Congress Debt Debt Ceiling Federal Federal Government Giving Government Important Know Money More More Money People Permission Purpose Raising Spending Think

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Michele Bachmann
American - Politician
Born: April 6, 1956

Raising the debt ceiling is not additional spending. It is simply saying, you, the United States of America, can continue to borrow the money you need to pay the bills you have already rung up.

Jay Carney

The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.

Eliot Spitzer

The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.

Ron Paul

The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.

Peter Schiff

What the federal government does basically is borrow money from people and mail it to people.

George Will

Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.

Stanley Druckenmiller

We should have a debt that grows our productivity, we cant borrow to pay salaries. I can borrow to build power plants.

Babatunde Fashola

If you ask the question of Americans, should we pay our bills? One hundred percent would say yes. There's a significant misunderstanding on the debt ceiling. People think it's authorizing new spending. The debt ceiling doesn't authorize new spending; it allows us to pay obligations already incurred.

Peter Welch

When you talk about raising that debt limit, the only way that I would ever support raising the debt limit if we also talk about budgetary controls on the federal government, capping its spending, how do we deal with the Social Security, Medicare and Medicaid problems, because they cannot continue to run on auto-pilot.

Allen West

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

Ron Paul

I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it.

Robert Kiyosaki

The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.

Michael Hudson

Borrow my umbrellas, my clothes, my money, and I will likely not think of them again. But borrow my books and I will be on your track like a bloodhound until they are returned.

Phyllis McGinley

Every time somebody has thought of relief for the farmer it has been to make it so he could borrow more money. What he needs is some way to pay back. Not some way to borrow more.

Will Rogers

Leading the boom of 1838 were state governments, who, finding themselves with the unexpected windfall of a distributed surplus from the federal government, proceeded to spend the money wildly and borrow even more extravagantly on public works and other uneconomic forms of 'investment.'

Murray Rothbard

I don't like being in debt, and I wouldn't borrow money for anything.

Cameron Mackintosh

A Quote by Michele Bachmann

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